ADNIC reports resilient H1 2026 performance with net profit before tax of AED 225.1 million

Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi line insurance providers for both corporates and individuals, today announced its financial results for the first half of 2026, reflecting disciplined underwriting, strategic diversification and continued international expansion despite a challenging operating environment.

The Group delivered a solid net profit before tax of AED 225.1 million. The results primarily reflect prudent recognition of provisions related to geopolitical risks, flood related claims and the impact of short term investment market volatility. Despite these external headwinds, ADNIC's underlying business remained resilient, supported by disciplined underwriting, prudent risk management and the continued strength of its core operations.

Demonstrating its continued focus on customer protection, ADNIC achieved Gross Written Premiums (GWP) of AED 6,135.4 million, supported by continued growth from several of the Group's strategic clients, alongside increased business generated from major construction projects. The Group maintained strong underwriting discipline, delivering a combined ratio of 95.2%, resulting in a net insurance service result of AED 215.4 million.

Net investment income for the six month period reached AED 150.4 million, benefiting from solid growth in bond interest income and rental income, alongside robust disposal activity that reflected proactive portfolio management despite periods of temporary market volatility.

During the first half of 2026, ADNIC continued to execute its strategic growth agenda through international expansion and strategic partnerships. Effective 1 April 2026, the Company's branch in GIFT City, India, became fully operational with an experienced local team in place, building on its established cross border reinsurance business while further diversifying revenue streams and strengthening ADNIC's presence in one of the world's fastest growing insurance markets. During the second quarter, ADNIC also signed a strategic agreement with the Ministry of Foreign Affairs to provide a tailored insurance programme for employees and their families, reinforcing the Company's commitment to delivering innovative insurance solutions while supporting the UAE's national priorities and the objectives of the Year of the Family.

Commenting on ADNIC's performance, Sheikh Mohamed Bin Saif Al Nahyan, Chairman of ADNIC, said: "During the first half of 2026, ADNIC remained focused on protecting our customers, strengthening our market position and advancing our long term growth strategy through disciplined underwriting, strategic diversification and international expansion. The underlying strength of our business remains clear. With a diversified portfolio, a disciplined underwriting approach and an expanding international footprint, we remain well positioned to deliver sustainable long term value for our shareholders, customers and the markets we serve."

Jugal Madaan, Acting Chief Executive Officer of ADNIC, said: "Our performance reflects ADNIC's continued focus on protecting customers, maintaining underwriting discipline, leveraging advanced analytics and delivering sustainable growth through prudent risk management and operational excellence. Alongside our financial performance, we continued to make meaningful progress against our strategic priorities through the successful operational launch of our India branch and the strengthening of partnerships that create long term value for our customers. As we look ahead, our diversified portfolio, expanding international footprint and strong customer relationships provide a solid foundation for continued sustainable growth."

Key financial highlights for H1 period ended 30 June 2026

Total insurance revenue: For the six-month period ended 30 June 2026, ADNIC's total insurance revenue stood at AED 4.1 billion, compared to AED 4 billion for the same period in 2025.

Net insurance service result: For the six-month period ended 30 June 2026, ADNIC's net insurance service result stood at AED 215.4 million, compared to AED 258.5 million for the same period in 2025.

Net income from investments: ADNIC's net income from investments stood at AED 150.4 million for the six-month period ended 30 June 2026, compared to AED 142.4 million during the same period in 2025.

Other operating expenses: Other operating expenses for the six-month period ended 30 June 2026 stood at AED 115.5 million, compared to AED 110.8 million for the same period in 2025.

Profit before tax: Profit before tax for the six-month period ended 30 June 2026 reached AED 225.1 million, compared to AED 261.2 million during the same period in 2025.

Profit after tax: Profit after tax for the six-month period ended 30 June 2026 stood at AED 201 million, compared to AED 235.3 million during the same period in 2025.